Posts Tagged ‘ecommerce’

Making Your Internet Business Legal – A Simple Guide

Thursday, October 29th, 2009

When I first started thinking about beginning an online business, I didn’t think about the legalities. I knew I wanted to make some extra money. Lots of money! Sound familiar? So, I began doing some research. One day I ran across the headline of an article that I will never forget. It read, “Your Business; Get Legal Or Get Cheated”! As if that were not scary enough, there was more to come. As I began to skim the page, I was horrified to see the words, “Tax ID number.” Tax ID number? I don’t know anything about that! At that moment, I thought the dream of owning my own business was just that, a dream. I began to read more of the article and it actually sounded pretty simple. I was surprised to find how simple it really was. There are two things you must have in order to make your business legal.

The first thing you need to do is file your business name with your state. This is referred to as a Doing Business As (DBA) or Fictitious Name depending on your state of residence. It is as simple as going down to your local County Office building to register your business name. You will be charged a fee. I payed $19 in my county which is in North Carolina. You will need to find out the cost of the fees in your county. You can also file a corporation with your state. All states have a website that gives information about this. Most of the time you can even file online. A corporation will give you more protection for your business but is more expensive.

The second thing you need to do is obtain a Tax ID number. Most states require you to have one. In my state it is called a Sales Tax and Use Certificate. In other states it could be called a Seller’s Permit. What is the purpose of this number? It allows you to collect sales tax on items you sale within your own state. You will use this to file and pay taxes on the items that you sell. You can obtain a Tax ID number by visiting your local State Tax office. You should be able to complete the process and have your number within minutes for a minimal fee. Since the process was still a little scary for me, I went to see my accountant and he filed the papers for a fee of $25. I thought it was worth every penny not fill out the forms myself. If you buy products from a wholesaler, you will need to give them a copy of your Sales and Use Tax Certificate or Seller’s Permit. This proves to the IRS that they are not required to charge you tax on products that they sell to you for wholesale prices.

So, there you have it! Those are the two things you will need to make your business legal. Not too scary and painful, I hope. Easier and cheaper than you thought, right? There are a couple of other things to consider when starting your business, especially if you are serious about making money online.

Opening a business bank account is optional, but I highly recommend that you do. For a while, I didn’t have one. You will need the documents with your business name. Most banks offer business accounts and only require a deposit of $50 to $100. I opened a free business checking account. It included 175 transactions per month without being charged extra and no minimum balance was required to keep the account open. If you need more transactions there are other options available. Shop around for the best deals. One thing to take into consideration is convenience. For instance, if you spend a lot of time in other towns or states, make sure you open an account with a bank in those locations if possible.

If you are going to do business online you are going to need a merchant account to accept credit card payments from your customers. You will not be able to earn much money without one. People who shop online use credit and debit cards to get what they want as quickly as possible. A merchant account will collect payments from your customers and deposit them into your business bank account. When applying, you will need to supply all of the information I have discussed in this article. There are, of course, fees for using a merchant account. There will be a one time fee to set up an account. This amount can vary from a couple of hundred to a few thousand dollars depending on your needs and who you choose to set up your account. You will also be charged an average of 2.2% of the amount charged to your customer’s credit card plus around 30 cents for each transaction. This is what my bank would charge if I opened a merchant account with them. You will need to shop around to find the best rates and plan for you. I do not have a merchant account but am still able to accept payments online. I currently use Paypal to accept transactions. Go to their website to read about what they have to offer. It has it’s advantages and disadvantages, but I digress. That is another topic.

I hope you enjoyed reading this article and found it to be helpful in your business endeavors. I wish you the best of luck on your journey to success!

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Work From Home: Providing You With That Extra Cash You Need

Friday, October 23rd, 2009

After graduating from college and being an independent person, you may find it hard to budget all your needs in your daily life. In fact, many single hard working Americans today says that with today’s economy, just making ends meet is a very hard thing to do.
Even if you have a good take home salary from your company, you still need to think about your expenses to live a comfortable life, such as paying for your rent, paying for groceries, and paying for you utility bills, such as electric bills, gas bills, and water bills and also your credit card bills.

If you are one of these people who are having a hard time making ends meet with your take home salary, then you need to find another way to make that extra cash in order for you to live life comfortably and free yourself from financial burden. One of the best ways to do so is by working from home.

You may not know it but the internet is more than just emails and entertainment. More and more people are now realizing the internet is a business that they can take advantage of in order to make some money. By doing business in the internet, you will see that it is very easy to find jobs that will require you to work from home. With just a desktop computer with and active internet connection, you will be well on your way in making lots of money.

First of all, you have to consider that the internet is one big market place that businesspersons are taking advantage of in order to get their businesses on top of their competitors.

To start working from home by using the internet, you first need to find a job that doesn’t require you to visit an office and just one that will require you to work at home. To do this, all you have to do is find it through classifieds or you can do so with the help of your favorite search engine.

You need to look for a job in the internet that suits your needs and one that you will enjoy. Usually, web marketing is one of the biggest things in the internet. If you have a talent as a writer, you will be able to take advantage of this skill by writing articles for a company and posting it on the internet. Be sure that you are knowledgeable in the field you choose in order to write good articles with contents that people will surely buy.

For example, if you have a bit of knowledge about automotives, then you can apply as a web content writer for an automotive company. The company will be the one to provide you with instructions on what to write. You will also be required to include a link for their website in order for the readers to easily find their way to your company’s website.

If you are more knowledgeable in computer program and web design, you can start a home based business by building websites, designing graphics and even designing logos for a company.

Another kind of work from home opportunity is medical transcription. This particular field is getting more and more in demand as doctors don’t have the time to handle the reports of all their businesses. You can offer your services by being a medical transcriptionist and do the reports for them.

So if you have enough time, and you are in need of extra cash, then working from home is your best bet.

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Work From Home Through Professional Blogging

Thursday, October 22nd, 2009

If you think that blogging is just one of the many ways how you can earn money online, you’re wrong. Blogging is a money making world in itself. Make money in many ways through blogging.

Blogging is the way of the world right now. People seem to find it necessary to express their thoughts and opinions to the world. As blogging created a following, it was expected that a money making venture was to be found out of the trend. Sure enough, not just one, but plenty of ways to make money was created with the rise of blogging. Now, it’s not just about blogging. It’s about professional blogging. Learn how to make money through blogging and join the thousands who have decided to work from home through professional blogging.

PRESS RELEASE

If you have been in the blogging industry for quite some time and have attracted quite a wide network of readers, what you write in your blog will have a greater impact on your readers. When you’ve created quite a stir in Blogosphere, you can expect more opportunities to open up to you. Some companies may start approaching you to ask for “press releases” wherein you simply have to write something about their products or their company. It can be a review, an introductory post, or a story or testimonial of your personal experience with the company or their products. This would mean that your word matters to your readers that you’ve now become an advertising medium in your own right. This would also mean more money making opportunities as you work from home.

FREELANCE BLOGGING

Freelance blogging is another way to earn money as you work from home. Becoming a freelance blogger may take time, because you would have to earn credibility and built a reputation in the blogging world before your blogging services will make an impact enough to make buyers interested in you. When starting out, you can expect the pay to be small, but as you start to become known among readers, your rate as a freelance blogger will definitely skyrocket. If you think you’ve got what it takes to be a freelance blogger whose opinions readers will value, then start now! Advertise yourself on your blog and in blogging forums to let people know you’re available for hire.

AD SPACE

Offering ad space on your blog is an easy and effortless way to keep the cash streaming in as you work from home. Sign up with Google AdSense and other web advertising sites. If you think ads may clutter up your blog, then offer spaces for links. Make the most out of your site. You’ve got nothing to lose, anyway, so put up some ads and get paid per click the ads get from your visitors. The extra cash will make your work from home experience even better.

NETREPRENEURSHIP

Your blog is your space. You can do with it whatever you please. If you have some items up for sale, sell it through your blog. You can post pictures and videos of whatever it is you’re selling, and even create your own ads. You never know, you’re blogging and netrepreneurship efforts may just become a giant money making online business. Now, that’s a pretty rewarding way to work from home.

BLOG FLIPPING

Now, if your blog is so effective, you can even sell it. This venture is called “blog flipping”. You can make a lot of money from blog flipping. The more impact your blog makes, and the more readers you have, the higher the value of your blog is.

There are many other ways how to make money through professional blogging. With all these opportunities, there is no excuse not to work from home. Through professional blogging, even as you work from home, you can make your name known in the World Wide Web. A promotion certainly can’t beat that! Work from home now, and welcome to Blogosphere!

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Want To Make Money From Home Quickly? Offer A Service, But Don’t Let It Take Over Your Life (part 2)

Wednesday, October 21st, 2009

If you’ve ever set up a service-based business or are just starting to develop one based on the advice in Part 1 of this article, you probably know this:

=> Offering a service is a lot of work and can take up quite a bit of your time.

After all, there are only 24 hours in a day and 7 days in a week. Not only do you have to spend the time working for your clients, you also do spend a lot of time in your business that you don’t get paid for:

- Updating your website
- Gathering new clients
- Consulting with potential clients
- Bookkeeping
- Answering emails from non-clients

….and the list goes on.

Also remember, that if you are sick or can’t fulfill your client’s needs, you don’t get paid. It’s as simple as that.

You need to take all this into account when planning the growth of your business. Here are some tips to help you make the most of it:

1. Decide how much you want to earn and how many hours you want to dedicate each week.

Don’t make the mistake of thinking that if you want to make $600 per week, you can simply work 40 hours per week at $15 per hour. Again, you have to realize that if you work on client-work for 40 hours per week there will be other maintenance parts of your business that will take you beyond 40 hours per week.

No one should have to work more than full-time hours for full-time pay. Instead, charge a bit more and incorporate your time working on other tasks into the calculations. For example, if you charge $20 per hour, you can have an extra 10 hours to work on non-client tasks and you’ll still make $600 per week.

Quality people will pay quality rates for quality work. I promise!

2. Hire subcontractors.

There is no reason why you have to perform all your client’s work. You can hire others to work for you to complete projects. Yes, you will have to hire them at a lower rate to ensure profit for your business, but if you pay a fair rate and treat your subcontractors well, you can acquire a loyal team of helpers.

This means you can take on more clients, can focus more of your time in gathering and maintaining clientele by making sure they receive exemplary service.

When you have more clients and potential clients to draw from, your business will likely have fewer fluctuations than if you try to do everything yourself.

3. Outsource other tasks.

Not only can you have subcontractors work on your client’s work…you can hire others to complete other business tasks. Remember those website updates, bookkeeping and answering emails? Those are perfect tasks to hand over to an assistant.

Think of yourself as the manager of your company. The manager focuses on making sure things are running well and the business is growing. They don’t worry about the small tasks like answering an email. They focus on the big picture. You need to look at the big picture too.

We all have hopes and dreams for ourselves and our families and I’m guessing working forever isn’t one of yours. Putting these 3 simple suggestions into place will ensure that you are free to:

- Take a vacation
- Take a day off with your sick child…or just take a day off
PERIOD! :-)
- Retire some day.

Leverage the time and work of others and you’ll have more freedom in your service-based business.

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The Best Ways To Make Money On The Internet

Wednesday, October 21st, 2009

The Internet is a prime source of easy money. There are many businesses out there that leverage the universal nature of the internet to generate income. Marketing companies, auction sites, download services, and web publishing companies to name a few are those cashing in on the world wide web.

1. Using The Internet To Generate Revenue

The business opportunities are definitively out there – and best of all, your message or service is not limited by geography. Revenue is usually paid by companies who want additional traffic to their web site. They are willing to bid on keywords on a per-click basis. This type of business model, for them, makes sense depending on their conversion ratio. A company with a compelling web page that has 2% of its visitors actually buy the product they are selling might pay a dollar for a single visitor to arrive on their site.

2. Affiliate Programs

Affiliate programs are more stringent than pay per click programs. You only get paid if the person being directed to the sponsors website actually buys something. The caveat being that you get a commission of the sale, meaning if you link to items with high price points, like cars or boats, you might make a hundred dollars or more from a single transaction. Of course, those numbers are very rare indeed.

3. Traffic Generation

As you might imagine, the amount of profits you can make is directly proportionate to the amount of people that arrive at your site. In this way, your earning potential is truly limited only by your own ingenuity in promoting your site. A reciprocal links program combined with excellent search engine optimization is a great start. Another very sucessful tactic is to have articles written for you and submit them to free article submission sites, as well as on your own website for your visitors to read. Content is king, and the more vital content you can provide users the more users will frequent your site. Avoid underhanded tactics like forcing visitors to click on ads or vote for your site in order to proceed to a piece of information they desire. These will be picked up by search engines and your rank will lower.

4. Search Engine Traffic

When you get big enough, you can actually pay a small amount of money to search engines to boost traffic to your site. In general, if youre not on the first page of results in a search engine, no one will bother to go any further to find you.

5. Mix Ads With Real Content

Make it nearly indistinguishable for visitors to be able to tell what is an advertisement and what is real content that your site offers. You can mix advertisements in with your navigation bar or even use services that will take popular words and turn them into links to products or services. This tactic is a little underhanded but it’s perfectly legal. People new to your site will have a very high chance of clicking an advertisement whereas people that end up using it long term will know what is an add and what isn’t.

6. Auction Sites

Auction sites can generate a substantial amount of income. They can greatly benefit you if you are one of the creative types of people who make homemade crafts. If you are one of these types of people, you might have a collection of woodcraft, clay sculptures, or paintings that are lying around your home workshop that you did as a hobby.

7. E Books

Ebooks are hot right now. By creating a subscription-based website with a specific theme that interests you, you will create a stream of continued revenue. A few chapters might be available free, but if they want more they will have to pay. Because you can deliver them over the internet, you don’t have to worry about shipping costs as you would with a traditional product or service.

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